May 13 Afternoon Analysis


As I analyzed last night, Bitcoin dropped to 79,800 and then surged to around 81,300. Currently, this level needs to be closely watched. Once it breaks through and stabilizes with increased volume, it will continue upward toward 81,800-82,800.
The price is currently running close to the upper band, and the bullish trend continues. The upper band at 81,395 acts as short-term strong resistance, while the mid-band at 80,907 is a key support. If the price retraces without breaking below, the upward momentum is likely to persist.

- Moving Average System: The price is steadily above the MA7 and MA30, with moving averages in a bullish arrangement. Support levels below are layered, and the short-term trend remains bullish.

- MACD: DIF continues to operate above DEA. Although the red bars are weakening, they have not turned green. The bullish momentum is still present, but caution is needed at high levels due to the risk of momentum exhaustion leading to a correction.

- KDJ: The indicator is in a neutral to slightly strong zone, not entering overbought territory. There is still room for short-term upward movement; however, the J-line is turning downward, so short-term oscillation and pullback should be watched. The outlook remains unchanged. As I analyzed early this morning, the pattern will likely be a rise followed by a fall, reaching around 81,800-82,500 before dropping back to 80,500-79,800.
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